The median monthly asking rent in the U.S. surpassed a whopping $2,000 for the first time in May —rising 15% year-over-year to a record high of $2,002— according to a new report from Redfin. That’s on par with April’s annual ...
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Owning More Affordable Than Renting in Most Metros
Renting remains more financially viable in populous cities, whereas home ownership is found to be more affordable in rural areas.
Read More »Fierce Bidding Wars Drive Home Prices Upward
A shrinking supply of homes available faces stiff competition from buyers looking to one-up each other, as home prices continued to trend higher in May.
Read More »The Burden of Mortgage
A report examined the rise and fall in borrowers’ typical mortgage payment and its impact on affordability. Here’s what it found.
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